2694 James M Wood Boulevard, Los Angeles, CA 90006

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2694 James M Wood Boulevard,Los Angeles, CA 90006
$1,950,000
  • 3 Beds
  • 8 Baths
  • 3,399 sq. ft.
  • Multi-family
  • Active
Listed by:jason tuvia
Office:marcus & millichap
MLS#:25583153
Source:CRMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$573.7

About this home

8-unit building cash flowing at a 5.5% Cap Rate from day 1 with upside to a 7.1% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.6% Current Cap Rate, 11.8% Proforma Cap, and only 164k/unit after taking into account all the construction costs (~680k assuming $250/SF). Large 6,770 SF R4 Lot with TOC Tier 3 designation for future development potential. 5 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, and more. Prime Koreatown location just minutes away from the Wilshire/Vermont Metro station as well as many hip neighborhood attractions, restaurants, bars, and shops such as The Line Hotel, Quarters KBBQ, Calic Bagels, H-Mart, Wi Spa, KURVE on Wilshire ($300M 644-unit luxury high-rise development) and many more.

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Home facts

  • Year built:1906
  • Listing Id #:25583153
  • Added:61 day(s) ago
  • Updated:August 26, 2025 at 01:41 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:8
  • Living area:3,399 sq. ft.

Structure and exterior

  • Year built:1906
  • Building area:3,399 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$573.7
Based on information from California Regional Multiple Listing Service, Inc. as of August 26, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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